Seven Benefits of a Good Credit Score
Having a good credit score can save you a lot of money in lower interest rates and also improve the likelihood of qualifying for financing.
What is a credit score and why does it matter? Your credit scores play a critical role in your ability to access credit, so it's important to understand how your actions may -- or may not -- impact your credit scores. Lenders and creditors often use credit scores to help determine the likelihood that someone will pay back what they owe on loans, credit cards and mortgages. Higher credit scores generally result in more favorable loan terms and lower interest rates. Understanding the facts about what will and won’t help credit scores is a good first step.
Having a good credit score can save you a lot of money in lower interest rates and also improve the likelihood of qualifying for financing.
You may already know that certain behaviors – such as paying your bills on time, every time – can reflect positively on your credit scores. But it’s also important to know that not every action impacts your credit scores.
You may already know that certain behaviors – such as paying your bills on time, every time – can reflect positively on your credit scores. But it’s also important to know that not every action will directly impact your credit scores at all, either positively or negatively. In this video we will cover five things that don’t hurt your credit scores.
From late payments to closing credit accounts, in this video we will go over 4 things that can hurt your credit score.
What is a credit score? Equifax can tell you all about the credit score range, how credit scores are calculated and much more.
If you’re dreaming of homeownership, here are some things to know about improving your credit scores as you prepare to buy a home.
Learn about the factors that affect credit scores, keeping in mind there are many different credit scoring models.
If you are facing an eviction, you should know how it might affect your credit history, and your future ability to get a lease or other credit.
Learn what a reduced credit limit can mean for your credit utilization rate.
What is the difference between a debt-to-income ratio and a debt-to-credit ratio? Learn how these ratios can affect your credit at Equifax!